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Yeah, I’d wager there’s a 95% chance that Infosys’ single building will be abandoned by 2030.
Regardless of whether I’m right, the City should use eminent domain to claw back the parking garage & all of the land that Infosys hasn’t built on (which stands to be more than 100 acres). The sooner, the better. This is ordeal is headed somewhere between that of Foxconn in Wisconsin and Ambrose at the stamping plant.
This is will hopefully serve as (another) warning to economic development officials that prematurely handing over real estate is a terrible idea. The ‘campus’ – inclusive of the garage – should’ve been held in some sort of escrow and released to Infosys in a piecemeal fashion and contingent upon land improvements made by Infosys.
Infosys has long been known to be a shady company. The city and state, led by 2 bozos (Hogsett and Holcomb) would do anything that would get them in a photo op for this site. I am not even sure if more than 20 people work in this building.
They had big dreams of undercutting all the local firms in price, but cant deliver at all…. so who cares if they are cheaper.
We should stop allowing out of country outsourcing firms to plant tax advantaged roots in our state so easily.
In defense of the IEDC, maybe they looked at the dismal results of the Indiana educational system and the poor prospects for improvement and decided throwing a bunch of money at a company that was just going to bring in a bunch of H1B visa holders was the only option they had for a technical workforce in the state.
Joe, I retract my previous statement. John Jacob actually sounds intelligent and rational compared to you. You are now at Micah level. Are these really your thoughts or is this just a bizarre and elaborate troll?
Chuck, you’re projecting about who is doing the trolling here.
Nice to see you’re a big fan of my stuff. Doing wonders for my humility that I’ve got someone clicking on every IBJ news story looking for my comments and, upon reading them, I’m leaving them in so much awe all they can do is poorly regurgitate a name I last mentioned a couple years ago … thinking they’re going to insult me in some way.
On second thought, when I put it like that, it’s kinda weird. But if you can’t hang with the people having the discussion and you like to see your name on the page, I guess it’s the best you can do, huh?
IEDC was knee deep in this . What a joke.
Indiana has to do a better job at selecting better companies.I would suggest the state invest heavily in homegrown companies like High Alpha and Eli Lilly to name a few.
I don’t think it’s up to Indiana to select companies. Indiana needs to be attractive enough for companies to select it.
More education funding would be a good start.
Jeff Butts is Superintendent of Wayne Twp. Schools, not Decatur.’
That threw me for a little loop. I, at first, wondered if he moved. I no longer have school age kids. So, I’m out of touch with the district like I had been.
Good catch, Thomas M.! We’ve corrected this error.
Can’t help but wonder if Ambrose knew something when they rejected the city’s request to make Infosys part of the Waterside Project.
Infosys was attempting to cash in on a central Indiana tech market that was desparately short of IT staffers. Recent grads were getting up to $100K in some specializations, with little actual experience in the work they were hired to perform. The overall market made it difficult for businesses, especially small businesses, to hire IT staff. Infosys thought they could cash in on that. When COVID hit, people learned the could work from home, even and perhaps especially, IT people. And if I can work from home from downtown, or Castleton, or Fishers or whichever Indy suburb, I could also work from Cincy or Columbus, or Chicago, or any other city. That made hiring IT staff in particular much easier. And if I’m an IT person in Chicago trying to raise a family, with a job in Indy, why I might just move to Indy, which is a less expensive town and probably easier to navigate and raise a family. All combined, Infosys’ business plan probably collapsed.
The Trump administration probably also hurt a bit, as they stopped processing visas for many of these workers in the spring of 2020. Suddenly, IT people couldn’t be employed here, and were facing deportation, even if spouses had become citizens. Those problems were largely resolved by late 2021.
COVID brought an end to office campus development – Infosys is no different. Infosys has stated they have been much more efficient and profitable since the COVID remote work movement.
Having competed against this company multiple times they will say whatever they think someone wants to hear to win. Then, once they do win they underperform. When I originally heard about this deal I was skeptical and now I”m not surprised at all at the outcome.